S&P ups Ventas view to positive

Standard & Poor's said it revised its outlook on Ventas Inc. to positive from stable.

At the same time, the agency said it affirmed its BB corporate credit and senior note ratings on Ventas, its operating partnership Ventas Realty LP and Ventas Capital Corp.

The outlook revision reflects Ventas' improved diversity by tenant, asset/payor type and strong debt protection measures, the agency noted.

Increased leverage and higher secured debt levels as well as a still concentrated tenant base relative to peers somewhat mitigate these improvements, S&P said.

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